Well... my friend.. if you know how install any package you only need download it... then read the INSTALL or README file inside and is all.....
Then if you want see wich are the parameters that you can used only type
>> ./configure --help
Normally you must type
./configure --options
make
make install
to VLC im did
./configure --enable-release --enable-sout --enable-httpd --enable-vlm --enable-livedotcom --enable-dvdread --enable-dvdnav --enable-smb --enable-dvbpsi --enable-v4l --enable-pvr --enable-libcdio --enable-libcddb --enable-cdda --enable-vcd --enable-dvb --enable-screen --enable-ogg --enable-mkv --enable-mod --enable-mpc --enable-mad --enable-ffmpeg --enable-faad --enable-twolame --enable-dts --enable-flac --enable-libmpeg2 --enable-vorbis --enable-speex --enable-theora --enable-png --enable-x264 --enable-cmml --enable-x11 --enable-xvideo --enable-glx --enable-opengl --enable-sdl --enable-freetype --enable-fribidi --enable-libxml2 --enable-ggi --enable-glide --enable-aa --enable-caca --enable-oss --enable-portaudio --enable-arts --enable-alsa --disable-skins2 --disable-wxwidgets --disable-slp --enable-lirc --with-livedotcom-tree=/usr/lib/live --with-ffmpeg-mp3lame --with-ffmpeg-faac --with-ffmpeg-dts --with-ffmpeg-zlib --with-x264-tree=/usr/local/include --disable-gnome --disable-gtk --disable-familiar --disable-fb --enable-esd --disable-qt --disable-wxwindows --enable-xosd --enable-mozilla --disable-kde --enable-mp4 --enable-dv --disable-skins --disable-basic-skins --with-ffmpef-tree=/usr/local/include/ffmpeg
make
make install
Remember must install ffmpeg first.....
PD: if you are very new in linux's use you can see any tutorials in the www to learn tu use it
Good Luck